Crypto Goes Legit: The UK Plans to Allow Cryptocurrency Betting in Licensed Casinos

The UK Gambling Commission (UKGC) is seriously considering legalizing the use of cryptocurrency on officially licensed gambling platforms in the country. The regulator has already launched an open discussion with industry representatives and has tasked a specialised industry forum with developing safe and effective frameworks for integrating crypto payments into regulated gambling environments.

This move is a logical continuation of preparations for updated legislation - the Financial Services and Markets Act 2000 (Cryptoassets) Order 2025. Under this regulation, full oversight of the virtual assets market will be transferred to the Financial Conduct Authority (FCA). Once the new rules come into force, any business dealing with cryptocurrency will be required to obtain a special licence. This will allow the government to establish a clear, formalized system for monitoring how digital assets are stored, transferred, and used.

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Officials at the UKGC openly acknowledge a steadily growing interest in blockchain-based payments among gamblers. In many cases, British players turn to shadow operators precisely because licensed platforms do not currently allow crypto deposits. Regulators believe that if new payment instruments are introduced carefully and under strict supervision, this could become an effective strategy for keeping players within the legal market, while simultaneously delivering a serious blow to the gray gambling sector.